Gmegs 6 graphs_pdf

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© 2014 Graduate Management Admission Council® (GMAC®) All rights reserved. B-School Job Market in 6 Graphs 2014 Global Management Education Graduate Survey Graduate Management Admission Council gmac.com/globalgrads gmac.com/newscenter

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The Early Class of 2014 Job Market for MBAs and Other B-School Grads in 6 Graphs

Transcript of Gmegs 6 graphs_pdf

Page 1: Gmegs 6 graphs_pdf

© 2014 Graduate Management Admission Council® (GMAC®) All rights reserved.

B-School Job Market in 6 Graphs

2014 Global Management Education Graduate Survey Graduate Management Admission Council

gmac.com/globalgrads gmac.com/newscenter

Page 2: Gmegs 6 graphs_pdf

© 2014 Graduate Management Admission Council® (GMAC®) All rights reserved.

Most early offers came in traditional sectors

57% of class of 2014 business school graduates had job offers by February/March. Nearly two-thirds were in finance/accounting (26%), consulting (21%) or products & services (18%).

Source: 2014 Global Management Education Graduate Survey (GMAC)

26%

21%

18%

15%

7%

5%4% 4%

Sectors of business school graduates with early job offers

Finance/accounting

Consulting

Products & services

Technology

Manufacturing

Healthcare/pharma

Gov't/non-profit

Energy/utilities

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© 2014 Graduate Management Admission Council® (GMAC®) All rights reserved.

Those looking for jobs in manufacturing and healthcare had higher early success rates

Source: 2014 Global Management Education Graduate Survey (GMAC)

Nearly three-quarters of the business school job seekers in healthcare/pharmaceuticals and manufacturing had early job offers, much higher than those looking in more traditional sectors.

49%

52%

57%

58%

61%

62%

74%

74%

Products & services

Energy/utilities

Finance/accounting

Consulting

Technology

Gov't/nonprofit

Manufacturing

Healthcare/pharma

Early Job Offer Success Rate, by Sector

Page 4: Gmegs 6 graphs_pdf

© 2014 Graduate Management Admission Council® (GMAC®) All rights reserved.

Technology is drawing more b-school grads

Technology is a growing sector for business school graduates, accounting for 15% of those with early offers, as compared with 9% of class of 2010 graduates surveyed at the same time that year.

9%10%

13% 13%15%

2010 2011 2012 2013 2014

Percentage with offers in technology, of all b-school grads with early offers

Source: Global Management Education Graduate Survey, 2010-2014 (GMAC)

Page 5: Gmegs 6 graphs_pdf

© 2014 Graduate Management Admission Council® (GMAC®) All rights reserved.

Students from finance/accounting return to the sector

Source: 2014 Global Management Education Graduate Survey (GMAC)

25%

21%

19%

18%

6%

4%4% 3%

Career Accelerators with Early Job Offers, by Sector

Finance/accounting

Products & services

Technology

Consulting

Healthcare/pharma

Manufacturing

Gov't/nonprofit

Energy/utilities

One quarter of graduates with a job offer in their pre-degree industry were in finance/accounting.

Page 6: Gmegs 6 graphs_pdf

© 2014 Graduate Management Admission Council® (GMAC®) All rights reserved.

Consulting is popular with career-switchers

27% of career-switchers with early job offers are going into consulting. Just 3% of careers switchers with offers were in the government/nonprofit sector.

Source: 2014 Global Management Education Graduate Survey (GMAC)

27%

18%

17%

16%

9%

5%4% 3%

Career-Switchers with Early Offers, by Sector

Consulting

Products & services

Finance/accounting

Technology

Manufacturing

Energy/utilities

Healthcare/pharma

Gov't/nonprofit

Page 7: Gmegs 6 graphs_pdf

© 2014 Graduate Management Admission Council® (GMAC®) All rights reserved.

Healthcare offers highest median salary bump

Source: 2014 Global Management Education Graduate Survey (GMAC)

59%

63%

64%

87%

91%

97%

109%

Energy/utilities

Finance/accounting

Products & services

Consulting

Manufacturing

Technology

Healthcare/pharma

Median Percent Change in Salary, by Sector

Students with early job offers in the healthcare/pharmaceutical industry had the highest median change in salary.

Page 8: Gmegs 6 graphs_pdf

© 2014 Graduate Management Admission Council® (GMAC®) All rights reserved.

About the Survey The 15th annual Global Management Education Graduate Survey looks at how business school graduates view their programs and offers a snapshot of their early job search and career intentions.

The survey of 3,049 business school graduates at 111 universities worldwide was conducted by GMAC, the nonprofit organization that conducts the GMAT exam on behalf of graduate business and management programs worldwide.

A total of 62% of the graduating students were involved in a job search, and another four percent were either self-employed or intending to pursue entrepreneurship at graduation.

For a copy of the Global Management Education Graduate Survey report, go to gmac.com/globalgrads. For more information, contact Tracey Briggs, GMAC media relations director, at [email protected].